Gov. Christie’s executive order cutting pension funding is a clear violation of P.L. 2011 Chapter 78, which says that “[t]he State and all other applicable employers shall make their annual normal contribution to each system or fund…. The State and all other applicable employers shall also make their annual unfunded accrued liability contribution to each system or fund…. The annual normal contribution plus the annual unfunded accrued liability contribution shall together be the annual required contribution.” [All emphases added]

If so the governor defied a law he swore to ‘maintain’ thus breaking his oath which would be an impeachable offense, even in New Jersey.

Laws, or ethics, or fiduciary obligations (to act in the best interests of ALL taxpayers, NOT just Public Sector workers) were broken LONG before Gov. Christie said those words ….. by each prior Governor, lower-level elected official, (or their minions) gleefully accepting Public Sector Union campaign contributions and election support WITH THE QUID-PRO-QUOT that they would favorably vote on Public Sector pay, pension, and benefit packages.

With the Public Sector workers as the financial beneficiaries of that Union/Politician collusion, resulting in pensions & benefits MULTIPLES greater than necessary (to attract and retain a qualified workforce), than affordable, or than just to Taxpayers now responsible for 80-90% of total pension Plan costs (and mostly 100% of retiree healthcare costs), THAT’S where Taxpayers must now look to reverse these perverse promises …. by very materially (by 50+%) reducing pension accruals, certainly for the FUTURE service of all CURRENT workers, and with substantive likelihood (due to the huge magnitude of accumulated debt), for the PAST service accruals of both current actives and retirees as well.

The impacted workers should focus their anger on the groups most causative of this mess …. the decades of past elected officials, and their own Union officials who thought buying the impossible was indeed possible.

There is no legal obligation to fully fund NJ pensions because of Article 8, Section 2 of NJ Constitution and general insolvency laws. And besides it would be morally wrong to make our kids and grandkids pay for the dirty sweetheart deals made by government employee unions and the politicians they elected.

TL needs to relax and enjoy the tax break she has received over the last 5 years. Sweetie you have 3 years to spout your bull sh*t and then the day of reckoning is coming. Piggie won’t be there to protect you from the raping that you are going to get in the form of tax increases. The great republican experiment has failed once again here in NJ and the dems have zero incentive to bail him out of his own mess he has created. Senate isn’t up for six years. Why would they help a incompetent lier again. Remember just six months ago him and his treasurer told us the state was flush with money for a nice tax break for the wealthy. They are completely incompetent or the are simply lying if they can’t determine a surplus from a deficit. A child could tell that,but not the Andy and Chris show. Thank God Sweeney told him to shove it up his giant rear end. So enjoy your tea party dreams because you will squealing like a wild pig in three short years. The thought of you opening that tax bill so I can enjoy me retirement or a school teacher can have a 4% raise,or a police officer can get a 6% raise brings a smile to my face. Enjoy sweetie !

There is no way ANY politician will choose (a) as they be swiftly thrown from office (as pubic Sector workers & their families are still a small minority of voters). Your currently friendly politicians know where their bread is buttered and will be throwing you under the bus.

Well let’s see sweetie,besides the two pensions my wife and I have here are my assets : fully paid for house worth $ 500,000 in Haddonfield, a private sector job that pays me $50,000 for part-time work,$800,000 in savings, wife and I are part owners of a family buisness that we receive a royalty of $ 30,000 clear per year along with free health care if we need it. I don’t need the free health care because YOU pay for my free health care,but if I needed I have it. Oh and our pensions are about $150,000 combined. Honestly as you can see I don’t have a worry in the world. If you believe me or not I could give a f*ck. You asked so I educated you on my situation. Listening to you cry makes me think once piggie is gone and your taxes go up for pension or other services you just might not make it in life. Oh well you have 3 more years of piggie to protect you.

If true, you sound like you’re in a pretty good financial position … and will weather the pension/benefit hit when it arrives.

Unfortunately, many of your Union “brothers” are likely not as fortunate. It’s a shame their Union’s greed (and the bought-off politicians) betrayed them.

Wouldn’t they sleep better at night with a very secure (but somewhat lower pension and less rich healthcare) than where they will now be for years …. never knowing whether the State’s financial circumstances will result in their pension/healthcare being quartered or halved?

She is the wife of a politician it is for sure. Now we know. Makes total sense. Christie has by far and away done the most damage and she knows this but will never admit it. She does not deal in the truth. And there we have it, plain and simple without a ten page diatribe
Well written BS. that is all it is, BS.

TL cut and pastes his/her BS in so many papers online blogs etc she must be a paid blogger or a shut in with too much time on her hands. If he/she does not hate public workers he/she is surely jealous. LOL

I just love to hear you say how high when I say jump You have absolutely no ability to ignore, It is simply hilarious. It is a cat and mouse game, that is all. Any proposal puts on the table or even passes will fall far short of what TL would want. Also it will be repealed in a few years since it will be challenged lawsuit just the way Rhode Islands are being. Up shortly more BS

Christie will propose a litany of changes to the pension funds etc that will all have to go to the legislature to become law. Sweeney who wants to be governor needs to rehabilitate his image with the public sector workers and wants their endorsements. To that end none of the bills will be posted for a vote.

No resolution on the agenda but several Roselle residents came out tonight against the Mind & Body Complex. By order of appearance or, as you will see in the second video, disappearance: . . . . . . . . . . . . . . . . . . .